Sep, 30, 2025 — STRATA FEDERAL CREDIT UNION is a federal credit union headquartered in BAKERSFIELD, CA with 4 branch locations and about $336.55 million in total assets. Opened 77 years ago in 1949, STRATA FEDERAL CREDIT UNION has about 24,384 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | STRATA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1717 Truxtun Ave BAKERSFIELD, CA 93301-5102 |
| Phone: | (661) 327-9461 |
| Fax: | (661) 327-2646 |
| Website: | https://www.stratacu.org |
| Branches: | 4 branch locations |
| Members: | 24,384 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6032 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $336,554,813 |
| CEO/Manager: | Brandon Ivie |
| Chairperson: | Mitch Patel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,659,407 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 113,424,007 |
| Unsecured Loans | 18,923,002 |
| Other Loans | 118,935,590 |
| TOTAL LOANS | 251,282,599 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,951,903 |
| Land And Building | 11,419,479 |
| Other Fixed Assets | 9,679,614 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,479,965 |
| All Other Assets | 270,909 |
| TOTAL ASSETS | 336,554,813 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,894,591 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 67,247,307 |
| Regular shares | 134,436,532 |
| All Other Shares & Deposits | 81,574,087 |
| TOTAL SHARES & DEPOSITS | 283,257,926 |
| TOTAL LIABILITIES | 288,152,517 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 48,402,296 |
| TOTAL EQUITY | 48,402,296 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 336,554,813 |
| INCOME & EXPENSE | |
| Loan Income | 11,405,613 |
| Investment Income | 1,803,398 |
| Other Income | 1,040,976 |
| Total Employee Compensation & Benefits | 5,306,591 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,606,598 |
| Non-operating Income & (Expense) | 661,904 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,873,911 |
| Cost of Funds | 1,736,586 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,340,806 |
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